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EDA-held $1.3 million grant must be used by Jan. 31, 2028, officials say; plan for 16 housing units under discussion
Summary
Officials said an EDA-administered $1.3 million grant is available for housing on city public-works property and carries a use deadline at the end of January 2028; the goal discussed was building 16 income-qualified units and the EDA is exploring changes to ensure the project proceeds.
City officials told the meeting that the Economic Development Authority (EDA) holds a $1.3 million grant intended to support housing development on public-works property at the top of the hill. The Administrator said the grant must be used by Jan. 31, 2028 (effectively the end of 2027 for construction timelines) and emphasized the EDA’s role as the grant holder even though the project is a housing initiative.
Officials said the current plan calls for 16 units and that the state housing group prefers the grant be used locally in Cook County. The Administrator said it is possible the project will not be built exactly as initially proposed and that the EDA is discussing potential revisions to ensure the grant is used before the deadline.
There was clarification-seeking among board members about whether all units would be income-qualified; one speaker believed all the units were income-qualified while another thought only a portion would be. The Administrator noted the grant’s time limit and the need to move the project forward.
Next steps: EDA staff will continue design and feasibility work, advise on potential changes to the proposal, and aim to meet the grant’s deadline. No formal vote or final adoption of a project plan was recorded at the meeting.
